Business & Finance: Half Billion Per Month

During the first eight months of it required something more than
$17,600,000 per day to finance the birth and the growth of U. S.
industry. Total new financing up to Aug. 31 reached the figure of
$4,231,847,000-money raised at the rate of a half billion a month or
six billion a year. This figure included stocks, bonds and notes, but
did not include real estate or municipal securities either in this
country or Canada. Except for a comparatively small amount of financing
by Canadian corporations and by...